As the EV charging market emerges, lesser known companies such as AeroVironment, Coulomb Technologies, Better Place and ECOtality have been taking the lead in developing charging stations. Now, as the market ages, bigger names such as General Electric, Panasonic, Siemens and Samsung have joined the action which will lead to the rapid expansion predicted by Pike Research.
The only hurdle remaining is an economic one. According to Pike's senior analyst, John Gartner, the groundwork for a profitable business model for charging stations is not well-developed. Gartner:
If the 4.7 million mark is reached, it will be a remarkable achievement. Here's some gas station numbers from countries across the globe for comparison purposes:The economics of selling a few kilowatt hours per charge are very challenging, and as such we anticipate that public charging station deployments will be driven mainly by government initiatives over the next several years.
- U.S.: 121,446
- China: 30,000
- Canada: 14,000
- UK: 9,271
[Source: Pike Research]